{"id":21924,"date":"2024-06-04T10:00:40","date_gmt":"2024-06-04T07:00:40","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21924"},"modified":"2024-06-04T09:44:09","modified_gmt":"2024-06-04T06:44:09","slug":"blackrock-and-fidelity-lead-bitcoin-etf-inflows-amidst-steady-market-trends","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrock-and-fidelity-lead-bitcoin-etf-inflows-amidst-steady-market-trends\/","title":{"rendered":"BlackRock and Fidelity Lead Bitcoin ETF Inflows Amidst Steady Market Trends"},"content":{"rendered":"<p>A sizable portion of the issuers&#8217; overall <strong>ETF<\/strong> inflows this year come from <strong>BlackRock and Fidelity&#8217;s spot Bitcoin ETFs.<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-and-fidelity-lead-bitcoin-etf-inflows-amidst-steady-market-trends\/#Significant_Inflows_for_BlackRock_and_Fidelity\" title=\"Significant Inflows for BlackRock and Fidelity\">Significant Inflows for BlackRock and Fidelity<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-and-fidelity-lead-bitcoin-etf-inflows-amidst-steady-market-trends\/#Current_Market_Trends_and_Performance\" title=\"Current Market Trends and Performance\">Current Market Trends and Performance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Significant_Inflows_for_BlackRock_and_Fidelity\"><\/span><strong>Significant Inflows for BlackRock and Fidelity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Based on statistics from Bloomberg Intelligence, Bloomberg ETF analyst Eric Balchunas notes that BlackRock&#8217;s Bitcoin ETFs amount to 26% and 56%, respectively, in year-to-date inflows.<\/p>\n<p>Based on Farside Investor statistics,<strong> BlackRock&#8217;s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC)<\/strong> have attracted <strong>$16.6 billion<\/strong> and $8.9 billion in inflows since their introduction over five months ago.<\/p>\n<p>But Vanguard, without any<strong> Bitcoin ETFs,<\/strong> leads with $102.8 billion in total ETF inflows thus far in 2024, surpassing BlackRock at $65.1 billion.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/reef-and-enj-price-analysis-june-3-2024\/\"><em><span style=\"font-weight: 400;\">This Might Interest You:\u00a0<\/span>Reef and ENJ Price Analysis \u2013 June 3, 2024<\/em><\/a><\/p>\n<p>Data from Stock Analysis shows <strong>BlackRock<\/strong> now lists 429 ETFs with total assets under management of $2.8 trillion. Conversely, Fidelity only lists 70 ETFs, with an AUM of $74 billion.<\/p>\n<p>Invesco has recorded $34.7 billion in ETF flows this year; just 0.9% of the total comes from its Bitcoin ETF, which has total inflows of $317.3 million for the first five months of the year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_Market_Trends_and_Performance\"><\/span><strong>Current Market Trends and Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On May 28, BlackRock&#8217;s <strong>IBIT<\/strong> exceeded the Grayscale Bitcoin Trust (GBTC) as the biggest spot Bitcoin ETF available worldwide. Based on the Apollo Bitcoin Tracker, IBIT now owns 291,567 BTC, valued somewhat over $20 billion at current rates.<\/p>\n<p><strong>Grayscale<\/strong> had 620,000 bitcoins at first when the GBTC changed into spot form. But since then, it has suffered major withdrawals; at current pricing, it only possesses 285,139 BTC, valued at around $19.6 billion.<\/p>\n<p>With several ETF issuers noting days of zero inflows and outflows in recent weeks, <strong>bitcoin ETF<\/strong> flows have largely steadied out lately.<\/p>\n<p>Farside Investors claims, for instance, that the <strong>Franklin Bitcoin ETF (EZBC)<\/strong> has not had any inflow or outflow since May 16.<\/p>\n<p>Made largely of IBIT, FBTC, and, to a lesser degree, the ARK 21Shares Bitcoin ETF (ARKB), the Bitcoin investment products from Grayscale are now averaging $141.7 million in inflows per trading day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sizable portion of the issuers&#8217; overall ETF inflows this year come from BlackRock and Fidelity&#8217;s spot Bitcoin ETFs. Significant Inflows for BlackRock and Fidelity Based on statistics from Bloomberg Intelligence, Bloomberg ETF analyst Eric Balchunas notes that BlackRock&#8217;s Bitcoin ETFs amount to 26% and 56%, respectively, in year-to-date inflows. Based on Farside Investor statistics,<\/p>\n","protected":false},"author":6,"featured_media":17815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[534,535,3289,1096],"class_list":["post-21924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bitcoin-etf","tag-blackrock","tag-fidelity","tag-grayscale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock and Fidelity Lead Bitcoin ETF Inflows Amidst Steady Market Trends<\/title>\n<meta name=\"description\" content=\"BlackRock and Fidelity&#039;s spot Bitcoin ETFs capture significant inflows in 2024, while Vanguard leads overall ETF inflows without any Bitcoin ETFs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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